IATCO Industries announced three projects that will expand its
production capacity both internally and externally. The company will
double its current production capacity for 12/16.5 tires at its
Mississauga facility with a recent order for production molding
equipment. The company also announced the establishment of a 50-50
joint venture between its Australian partner Altrack Limited and Asiatic
Development, one of Malaysia's largest rubber plantation companies.
The joint venture will establish a rubber segment facility in Malaysia.
Over the medium to long-term this should provide IATCO with an
additional source of low-cost rubber components for its non-pneumatic
tires. The third project expands IATCO's off-road tire offering.
The company recently began manufacturing and distribution of two sizes
of off-road tires. The tires have been approved by several original
equipment manufacturers such as Melroe (Bobcat), Case, Ford New Holland,
John Deere and Thomas.